If an Indifference Map for a Consumer Is Made Up

question 147

Multiple Choice

If an indifference map for a consumer is made up of straight, negatively sloped lines, the marginal rate of substitution ________ as more of the good on the horizontal axis is consumed.

• A) does not diminish
• B) diminishes
• C) increases
• D) More information is needed to answer the question.

---

Definitions:

Mythical Scenes

Artistic or literary depictions of events, characters, and stories from mythology.

Argonauts

In Greek mythology, the band of heroes who accompanied Jason on his quest to find the Golden Fleece.

Equilibrium Wage

The remuneration level where the quantity of labor available meets the quantity of labor sought.

Pear Pickers

Individuals or workers engaged in the harvesting of pears; often used in discussions related to agriculture, labor, and seasonal employment.